Burgin

The Burgin Property is located in the East Tintic Mining District, Utah, about 60 miles southwest of Salt Lake City, Utah. Burgin has not been in operation since 1978. Among other things, any plan to re-start Burgin would be subject to a feasibility study, significant capital investment and regulatory approvals, including regulatory permission to dewater Burgin. The Trixie Mine is located approximately 1.5 miles from Burgin's concentrating mill. The Trixie Mine is a gold-silver mine and was in production from late 2001 until closure in March 2002 due to unstable mining conditions. The Trixie Mine has not operated since 2002.